An exciting retail investment opportunity comprising two investment shops has become available in the Bayside suburb of Mentone. James Glen, Senior Sales and Leasing Executive, is selling the properties, which are located in a high profile location and feature secure, long-term tenants:
- Shop 1 – new 5 year lease to a national operator
- Shop 2 – new 10 year lease with a food retailing tenant
This newly completed development provides a solid yield for investors, with the additional bonus of large tax depreciation benefits.
With low stock and strong demand for retail investments in Mentone and surrounding suburbs, this provides a great opportunity for investors requiring a long-term investment that is also likely to provide strong capital growth.
In this low interest rate environment, and with an expected bias towards further interest rate cuts, this site is not expected to stay on the market for long.
Pricing is between $795,000 and $1,295,000.
For further information, please contact James Glen on 0401 493 277.